Adjacent Words

simple interest definitions

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WordNet (r) 3.0 (2005)

n
1: interest paid on the principal alone

Merriam Webster's

noun Date: 1798 interest paid or computed on the original principal only of a loan or on the amount of an account

Webster's 1913 Dictionary

2. Participation in advantage, profit, and responsibility; share; portion; part; as, an interest in a brewery; he has parted with his interest in the stocks. 3. Advantage, personal or general; good, regarded as a selfish benefit; profit; benefit. Divisions hinder the common interest and public good. --Sir W. Temple. When interest calls of all her sneaking train. --Pope. 4. Premium paid for the use of money, -- usually reckoned as a percentage; as, interest at five per cent per annum on ten thousand dollars. They have told their money, and let out Their coin upon large interest. --Shak. 5. Any excess of advantage over and above an exact equivalent for what is given or rendered. You shall have your desires with interest. --Shak. 6. The persons interested in any particular business or measure, taken collectively; as, the iron interest; the cotton interest. Compound interest, interest, not only on the original principal, but also on unpaid interest from the time it fell due. Simple interest, interest on the principal sum without interest on overdue interest.

Webster's 1913 Dictionary

12. (Min.) Homogenous. 13. (Zo["o]l.) Consisting of a single individual or zooid; as, a simple ascidian; -- opposed to compound. Simple contract (Law), any contract, whether verbal or written, which is not of record or under seal. --J. W. Smith. --Chitty. Simple equation (Alg.), an eqyation containing but one unknown quantity, and that quantity only in the first degree. Simple eye (Zo["o]l.), an eye having a single lens; -- opposed to compound eye. Simple interest. See under Interest. Simple larceny. (Law) See under Larceny. Simple obligation (Rom. Law), an obligation which does not depend for its execution upon any event provided for by the parties, or is not to become void on the happening of any such event. --Burrill. Syn: Single; uncompounded; unmingled; unmixed; mere; uncombined; elementary; plain; artless; sincere; harmless; undesigning; frank; open; unaffected; inartificial; unadorned; credulous; silly; foolish; shallow; unwise. Usage: Simple, Silly. One who is simple is sincere, unaffected, and inexperienced in duplicity, -- hence liable to be duped. A silly person is one who is ignorant or weak and also self-confident; hence, one who shows in speech and act a lack of good sense. Simplicity is incompatible with duplicity, artfulness, or vanity, while silliness is consistent with all three. Simplicity denotes lack of knowledge or of guile; silliness denotes want of judgment or right purpose, a defect of character as well as of education. I am a simple woman, much too weak To oppose your cunning. --Shak. He is the companion of the silliest people in their most silly pleasure; he is ready for every impertinent entertainment and diversion. --Law.

Collin's Cobuild Dictionary

Simple interest is interest that is calculated on an original sum of money and not also on interest which has previously been added to the sum. Compare compound interest. (BUSINESS) ? compound interest